|Features||Free Checking||Rewards Checking|
|Earns a Dividend||-||X|
|No Minimum Balance Requirement||X||X|
|Free Online Banking||X||X|
|Free Mobile Banking||X||X|
|Free Account Alerts||X||X|
|Free Bill Pay||X||X|
|Free Non-ALEC ATM Transactions*||6||10|
|Free Checks**||Initial box||1 box per year|
|Free Personalized Debit Cards^||Optional with a fee||X|
|Certificate Bonus ##||-||Up to 0.05% APY***|
|Overdraft Transfer from Savings||X||X|
|Basic Overdraft Protection 1||X||X|
|Requirements||Free Checking||Rewards Checking|
|Direct Deposit||-||$500 Monthly|
Debit Signature Transactions or
Visa Credit Card Transactions per Month
15 debit or combined
5 with qualifying loan
$5 if requirements
above are not met
* There will be a fee for each transaction over the amount noted. See ALEC's Fee Schedule. Please note there may be a fee assessed by the ATM owner, if it is not part of ALEC’s surcharge-free network.
** Free checks limited to the ALEC check design.
*** The Annual Percentage Yield (APY) is the rate that is earned if the funds are left to compound for one year. All dividends are paid monthly based on the daily average balance.
^ Rewards Checking account members are eligible for up to 2 free initial custom designs per account (e.g. primary and joint owner of checking account). For additional image charges and costs to Free Checking account holders, please refer to ALEC’s Fee Schedule. Renewals will be at no charge, unless a new image is uploaded. This is an optional service.
## Certificate bonus varies depending on the term of the certificate; only applies at certificate opening, excludes renewals, excludes IRA & HSA certificates and cannot be combined with any other promotional offers.
1 Subject to approval. If current account upgrade, account must be in good standing within the last 90 days. We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. We reserve the right not to pay. If we do not authorize and pay an overdraft, your transaction will be declined or returned.
By members' choice, your deposits are insured by American Share Insurance up to $250,000 per account. This institution is not federally insured.